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Cerner (NASDAQ:CERN) CEO Neal L. Patterson unloaded 54,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $56.38, for a total transaction of $3,044,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Cerner (NASDAQ:CERN) opened at 55.49 on Monday. Cerner has a 1-year low of $45.81 and a 1-year high of $63.07. The stock has a 50-day moving average of $54.10 and a 200-day moving average of $54.89. The company has a market cap of $18.925 billion and a price-to-earnings ratio of 46.12.

Cerner (NASDAQ:CERN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $851.80 million for the quarter, compared to the consensus estimate of $813.77 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts predict that Cerner will post $1.66 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Cerner from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Cerner in a research note on Friday, July 25th. They now have a $64.00 price target on the stock, up previously from $60.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Cerner in a research note on Friday, July 25th. They now have a $70.00 price target on the stock, up previously from $68.00. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $62.56.

Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.

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